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LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS (Tables)
12 Months Ended
Feb. 27, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The Company's long-term debt as of February 27, 2021 and February 29, 2020, net of debt discounts of $44.8 million and $41.3 million, respectively, and deferred financing costs of $69.8 million and $72.9 million, respectively, consisted of the following (in millions):
February 27,
2021
February 29,
2020
Senior Unsecured Notes due 2023 to 2030, interest rate range of 3.25% to 7.5%
$6,680.5 $6,884.5 
Safeway Inc. Notes due 2021 to 2031, interest rate range of 4.75% to 7.45%
504.3 642.1 
New Albertson's L.P. Notes due 2026 to 2031, interest rate range of 6.52% to 8.70%
469.1 466.0 
Other financing obligations29.4 37.2 
Mortgage notes payable, secured17.6 18.2 
Finance lease obligations (see Note 8)612.7 666.7 
Total debt8,313.6 8,714.7 
Less current maturities(212.4)(221.4)
Long-term portion$8,101.2 $8,493.3 
Schedule of Future Maturities of Long-term Debt
As of February 27, 2021, the future maturities of long-term debt, excluding finance lease obligations, debt discounts and deferred financing costs, consisted of the following (in millions):
2021$130.9 
2022750.8 
20230.9 
202416.9 
2025214.1 
Thereafter6,701.9 
Total$7,815.5 
Schedule of Interest Expense
Interest expense, net consisted of the following (in millions):
Fiscal
 2020
Fiscal
 2019
Fiscal
 2018
ABL Facility, senior secured and unsecured notes, term loans and debentures
$463.4 $565.3 $698.3 
Finance lease obligations70.5 79.8 81.8 
Deferred financing costs
20.9 39.8 42.7 
Debt (premiums) discounts, net(0.6)34.1 20.3 
Other interest income(16.0)(21.0)(12.3)
Interest expense, net$538.2 $698.0 $830.8